Deere Stock Has Surged 42% This Year. Why You Should Sell, Says Analyst.
Market Intelligence Analysis
AI-PoweredJefferies analyst Stephen Volkmann downgraded Deere stock to Sell, but the stock price surged 0.8% in early trading, contradicting the bearish call. Deere shares have risen 42% this year, indicating strong market sentiment. The downgrade had little immediate impact on the stock price.
Market impact analysis based on neutral sentiment with 70% confidence.
Article Context
Jefferies analyst Stephen Volkmann downgraded shares of farm equipment maker Deere to Sell from Hold on Monday. Deere stock shrugged off the bearish call and was up 0.8% at $668.12 in early trading on Monday, while the and were down 0.2% and 0.3%, respectively. Coming into Monday trading, Deere shares were up an impressive 42% so far this year.
Analysis and insights provided by AnalystMarkets AI.